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approval ratings in the wake of superstorm sandy, new jersey governor chris christie said he will be seeking re-election next year. he said the preliminary damage from sandy is nearly $30 million. christie says he's in it for the long haul to help jersey recover. >>> coming up on the morning news, click and shop. cyber monday rings up record sales on what's expected to be the busiest online shopping day of the year. this is the morning news. [ female announcer ] born from the naturally sweet monk fruit, something this delicious could only come from nature. now from the maker of splenda sweeteners, discover nectresse. the only 100% natural, no-calorie sweetener made from the goodness of fruit. the rich, sweet taste of sugar. nothing artificial. ♪ it's all that sweet ever needs to be. new nectresse. sweetness naturally. starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. that moment you enjoy it at home. li
and friends", the president personally promised her wake in the hurricane sandy. this lady is here to explain her story. can >> steve: after hurricane sandy hundreds of dogs and cats are homeless. live from new york city. ♪ ♪ [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! you can stay in and like something... or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with uimited talk and text. by htc for $49.99. to provida better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffe
at columbia university. >> susie: new damage estimates today on super storm sandy. the insurance industry will be on the hook for as much as $22 billion, according to numbers compiled by disaster-modeling firm air worldwide. the total is three billion less than the original tally, issued just after hurricane sandy made landfall in late october. >> tom: it was back to work for wall street, with the major stock indices ending mixed. the selling was stronger earlier in the day, with the s&p 500 hitting its lowest level of the session before noon eastern time. the losses were reduced in afternoon trade with the index finishing down just 0.2%. trading volume remains modest. 630 million shares on the big board. a tad over 1.6 billion on the nasdaq. the selling pressure showed up in the telecommunication sector, falling 1%. the energy and consumer staples sectors also fell. with so much focus on consumers and spending over the weekend, grocery stocks led the consumer sector lower today. super markets safeway and whole foods were down 3.2% and 3.1% respectively. kraft foods fell 2.1%. kraft trade
of houses are still out of power due to the aftermath of hurricane sandy. i think the snow will make things work especially with the travel disturbances. chicago looking at 1 degrees. moving over to the european continent. still gusty conditions and unstable weather. wet also. some heavy rain could target the regions that the flooding situations not alleviated yet. across the south central and the mid mediterranean regions very unstable conditions. hail, damaging winds and also heavy rain is on tap. here is your extended forecast. >>> opposition activists in syria say government pilots have dropped a cluster bomb on a playground. they say the air strike killed ten children. residents say the children went out to play during fighting. opposition forces captured an air base on sunday near damascus. government troops responded with air attacks on towns around the base. opposition activists say one fighter jet womaned the fl bomb playground. cluster bombs scatter a number of those smaller bombs over a wide area increasing casualties. syrian officials have not signed the agreement. the internati
they will pay of $900 million in claims stemming from hurricane sandy which hit hard on the eastern u.s. coast in late november. >> they estimate overall damage from the storm will range between $20-$25 billion. of new york mayor michael bloomberg has but the damage at $19 billion in his city alone. it slipped through the caribbean of forcing the u.s. eastern seaboard. >> coming up, thousands of factory workers in bangladesh are protesting against poor and potentially lethal working conditions. >> first, a look at some other headlines this hour. poachers in the spanish region of catalonia have been dealt a setback. this all the convergence and union alliance losing seats. the nationalist party did win a majority overall. >> the israeli defense minister is planning to retire from politics. he says he will quit his post once the new government is formed after the elections in january. many political observers are expecting him to change political parties. >> israel has taken a step towards expanding its missile defense. existing systems down. hundreds of hamas rockets during the recent violence
of hurricane sandy keep adding up? man, they are huge now. now the question is who will pay for the storm? federal government or local taxpayers like well, us? liz macdonald here is more with emac's bottom line. do they know the final number? good to be with you guys. they don't know the final number. governor andrew cuomo is weighing in on this debate. cost for new york state, $41 million. 19 billion in new york city alone. what is being incurred to date by the state of new jersey. when all said and done could surpass the cost of hurricane katrina which stood $110 billion. when you look at the numbers, basically the power outages in the region from hurricane sandy are about two times more power outages versus what we saw in hurricane katrina. when it comes to the number of homes destroyed, 50% more homes destroid in hurricane sandy versus hurricane katrina cat. hurricane katrina claimed for lives. 1866 people were killed by hurricane katrina. versus 185 deaths from hurricane sandy. destruction and damage governor cuomo may have it right. as to who pays for it? ordinarily the u.s. governm
-- following his hands on response to hurricane sandy. before the storm, 56% of registered voters in the garden state approved of the job he was doing after sandy, they were surveyed again giving the governor -- >> look at these numbers. >> 77%. >> willie, you're a new jersey guy. new jersey native. i'm sure you can't remember a governor having a 77% approval rating, a republican governor in a blue state having a 77%. 67% of democrats in new jersey give chris christie a positive rating. i just -- he's defying gravity politically. it's remarkable. >> by historical new jersey standards in these polls, that 56% number was outrageous to begin with. a republican governor in the state of new jersey gets 52%. yes, it's the storm, but it's also what we saw on the show, i think it was two weeks ago, him and randy weingarten sitting down. there are people who don't like his style, don't like the way he does things, but they recognize he's working with the other side, a thing we don't see much in washington to get things done for the people. yes, it's the storm, but also the body of what he's done -- >> m
weighs in. >>> plus, the cost of devastation, how the price of superstorm sandy stacks up against hurricane katrina. ♪ constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. or annuity over 10 or even 20 years? call imperial structured settlements. the experts at imperial can convert your long-term payout into a lump sum of cash today. jon: a new proposal from house republicans that would make it easier for green card holders to bring family members to the united states, this after analysts say the issue of immigration played a major role in november's election results. doug mckelway live on capitol hill with that. >> reporter: hey, jon. republicans and supporters of this bill say republicans have to become aware of the demographic shifts which so demonstrated themselves in the november 6th election results, and they have to do it in a way in which they are not presenting themselves as substitute democrats
york and new jersey need at least $71.3 billion to recover from the devastation of super storm sandy and prevent similar damage from future storms. this is according to the state's latest estimates. that total of course could grow. steve liesman has been crunching the newspaperup i numbers and hn the next hour. this is to try to build up some sort of protection, some massive floodwalls. governor cuomo was saying this would be like $9.1 billion to start building. >> questions about the future of the sec following mary shapiro's exit. elyse walter could run the agent until december 2013 when she would have to be renominated and reapproved by the senate. among the issues, and ongoing battle over regulating the $2.5 trillion money market fund industry, some 63 unfinished rule making requirements that are all part of dodd-frank and continuing fears of course about market stability and high frequency trading. p. >> money markets used to be covered by the fdic when the crisis first came on. >> and also worth pointing out, there was one failure of mary sha piro's time in office, shall was th
for hurricane sandy that didn't sell, that left retailers with much too much inventory in the northeast and it's dated inventory. third, ross stores is a big beneficiary from the collapse. yes, i do not use that word lightly, from jcpenney. it is now taking a huge share from the disorganized dysfunctional penney to the point where management called this out on the conference call as a source of strength. the other guys have been reluctant to do that. speaking of the conference call, company -- now that we're entering gift giving season, as a quarter of ross' merchandise is oriented around the home and recovery means they're selling a lot more furniture. ross stores is a shareholder friendly company. they do have a small dividend, okay? one that yields just 1%. the company's consistently increased that dividend. the stock has overrun it every year for the last 18 years. most recently, 27% boost back in january. beyond that, ross has brought back a huge amount of stocks since 2005. i was astonished to see they've retired 25% of the shares outstanding over the last seven years. that's a serious b
and fire crews in one of the towns hit pretty hard by sandy. in the immediate aftermath of the late october storm, christie publicly thanked president obama for visiting new jersey and helping speed up the relief efforts. >>> cyber monday 2012, it's on track to become the biggest online shopping day ever. consumers expected to spend $1.5 billion, up 20% from last year with the growing popularity of smartphones and other mobile devices as shopping tools. retailers have ramped up the deals on their websites during the holiday shopping season, a time when stores can make up to 40% of their annual revenue. greta? agreeing the election may be over, but the fight against obamacare is not. teed the supreme court orderingly an appeals court to consider liberty universities' objection to the healthcare law, arguing it violates their religious freedom. does the supreme court decision breathe new life into the healthcare battle? joining us rick klein, a.b. sad studdard, and john mccormick. rick, they're chipping away at this. >> keeps coming back. this is largely settled in the courts. pieces of obama
, consume could be in for a rude awakening. third quarter gdp on thursday. a little bit of sandy and a little bit of fiscal cliff in this 1.2 to 2.2, those are the forecasts i have seen so far. >> do you think perhaps the consumer is not reflecting the fiscal cliff issues because the last time, we keep going up to the edge of the cliff and then things get -- things get resolved? >> it's a good question. it strikes n s me that looking at the debt ceiling debate i think consequences were equally stark but more easily understood, people anticipated that and more bad stuff in the economy. the consumer confidence numbers showed that job prospects looked good, home buying intentions look good, a buoyancy to the consume they're wasn't there. >> wasn't there. >> face the debt ceiling. yeah. >> thank you, steve. >> sure. >> as always. if you want more on this special coverage that we have, the crisis is in a special section of our website, riseabove.cnbc.com, check it out. it has some terrific information, ty. >>> breaking news now from the bond market. two-year notes up for auction. you
in sandyland, many people have been in the dark for days. some for weeks, after superstorm sandy. and some are now getting power bills that show normal usage. the long island power authority is assuring customers, don't worry, the next actual meter reading will reflect how much you've used, and they'll adjust your bill, and i'm telling you, there are some lipa customers right now who are outraged. after all they've been through. >> as well they should be. >> they are getting electricity bills reflecting normal usage, and for many of them it's been days, some of them it's been weeks with no power. and bring you up to speed on cyber monday. what's your best guess on what people were out there buying? >> i would have thought apple products? >> yeah. had to be electronics. >> a lot of question about electronics. monday sales up 28% from last year, according to the bench mark survey and the most searched-for items were amazon's kindle and kindle fire, uggs, ipads, the ipod touch, legos, and the wii. >> well, i like the legos. i mean, it's making a comeback. maybe children will actually do a thi
for big ticket items is expected to drop 1.2% with some impact potentially from hurricane sandy. case shirl index. home prices expected to raise about 3% in september. and at 10:00, november consumer confidence. analysts expect a reading of 73 can would be up a point from last month. dallas fed president richard fisher and atlanta fed president deny this lockhart are both speaking in berlin. richard fisher expressing concern that the size of the monetary policy easing in the u.s. is abnormally large. of course you might argue the abnormal conditions warrant that. never the the less, we'll also look at earnings from adt and green blount continmountain. the greek deal is done. athens will receive its much needed bailout cash. >> our common goal is that greece achieve a credible and sustainable reduction reaching lower than 110% of gdp in 2022. we will consider further measures if necessary to achi e achieve. >> one of the key points, silvia is back with us from brussels. good morning. and there are so many points. which are the most significant? >> well, we knew there was a sort of all
a crane that partially collapsed on a new york city luxury skyscraper during superstorm sandy. >>> fda has shut down the largest organic peanut processor in the country as part of its newest crackdown on salmonella poisoning. 31 people in 21 states, most of them children, were sickened by a peanut manufacturer there and sold by trader joe's. it's the first time it has used the new enforcement power it gained as part of an enforcement law. >>> do you remember this? >> i have no recollection of this whatsoever. did i miss the '90 s? >> "boy meets world." there is a "boy meets world" sequel, tweet from ben savage himself. aka corpsi and topanga have signed on to star in "girl meets world" will cain the only person in the world to knows anything about this. >> i would like to say that i'm young enough to remember this show in the '90s, but topanga, california. topanga. >> pop culture but a different world. >> we could talk about money. >> we could buy pop culture. at a whopping $425 million, tomorrow's powerball drawing is set to be the biggest jackpot in powerball history, the second largest
is skyrocketing thanks to his response to superstorm sandy. >>> three top cabinet spots up for grabs. who is in, who is out? pi bill clinton? patreaus for secretary of defense. a look at president obama's dream team. >>> a fast and furious settlement. who is paying the price for the botched gun running. >>> answering questions about managing student debt. >> hi there. we're talking about managing your student loans. with me this hour, greg olson and carmen wong ulrich. carmen, your question. >> i was wondering how i'm going to afford a minimum wage job with the student loan advise to pay for and i just graduated from college. >> i feel for her. >> wow, wow, wow. it's a stuff situation. here's the thing we've got to know what type of loans does she have. if she's got private loans she's in a big pickle. low flexibility, but call them right away. if your proact everybody you can try to work with them before you get into trouble. if she's got federal loans, there's the income based repayment program and she's got look into that. it's a part of your discretionary income that goes to pay it every mo
, simon, i think right now things are changing and we remain to see the effects of sandy on the data. >> let me return to this subject of why the consumer remains so strong. do you think the average american is aware of what the fiscal cliff is when you look at the numbers that watch television news or read newspapers and the degree to which they may not have spoken about that subject during the election campaign and most people thought by taxing rich we would solve problems we have in america and people have no idea that general low income americans have no idea i would suggest that the fiscal cliff is on its way. no wonder they are out there spending money. no wonder. >> i wouldn't make a distinction between what low income americans or high income americans know less than anyone around the scale. on the other hand, simon, it may be that people think they'll solve this problem and it's not going to affect them given the pledge by the president not to allow the tax increases and spending cuts to hit people $250,000 and below. that's a distinct possibility. i would also point out, si
Search Results 0 to 20 of about 21 (some duplicates have been removed)